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20110726
20110726
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savings on the mandatory side and savings from winding down the war in iraq and afghanistan. these are savings that cbo scores of about a trillion dollars, that cbo scoring them at a trillion dollars. now we know some republicans will quibble over the savings but they have no leg to stand on. though war is the second-biggest policy driver of the deficit after the bush tax cuts. if conducting the war ads to the debt, it is undeniable winding down the war deliver savings. the administration tells us with the wind down their putting in place in the iraq and afghanistan, they can prosecute the war on about $630 billion over the next decade. cbo, however, assumes 1.67 trillion in war funding for 2021. by adopting the administration's lower number, we can save over a trillion. we know the republicans agree with this because they included the exact same savings in the wrong and budget that passed the house. i never criticized such accounting then and it's hard to see how they could do so now. last, senator reid's proposal allows a joint committee that has the potential to achieve e
these savings from withdrawing from iraq and afghanistan. and essential education, job creation, housing, and environmental investments where america's economic recovery and for our strong economic future would be protected from the slashing cuts proposed by the house republicans. the irony is, republican leaders previously have backed all the spending reductions called for in leader reid's plan. now, i don't agree -- and i suspect all of us don't agree with all aspects of this proposed solution. but we're not going to have 100 solutions on this floor. we're going to have one that we can vote on. i wish this would have included new revenue, especially by ending such costly and outdated tax benefits as those still enjoyed by the biggest oil companies to help us pay off our debt even more quickly. i'd like to help pay for the debt incurred by the inexcusable earlier decisions to enter two wars without paying for them. and i continue to believe the surcharge for the wealthiest would mean that they would pay more of their fair share after so many years of tax cuts that have tilted far more t
believes by saying that they will cut a trillion dollars but unwinding the iraq and afghanistan wars and that shouldn't be part of the budgeting this process. the other thing i thought speaker boehner said that was quite interesting was that he kept saying that this is a crisis that the president has created. so you do see some of that blame game going on as you were saying from each of these bully pulpits. >> ifill:e sa this was in stalemate in congress, even though after watching the two plans that neither agreed on would you thought the stalemate was happening somewhere. >> right. i think the speaker is trying to avoid sort of being labeled as intransigent. he has a tough job. he has the house republicans in his conference who simply, many of them won't vote to increase the debt limit no matter what but simply don't want to budge in any way whatsoever here. and so what speaker boehner is sort of, what you hear there is him trying to put off the blame elsewhere. he doesn't want to accept it all on his turf. >> ifill: we have about ten seconds left. what has to happen next. they're
Search Results 0 to 2 of about 3